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Table below represents the operation of an Open-Access fishery. Total Catch Total Average Marginal # of Boats (tons) Revenue Revenue Revnue 1 15 1950
Table below represents the operation of an Open-Access fishery. Total Catch Total Average Marginal # of Boats (tons) Revenue Revenue Revnue 1 15 1950 1950 1950 2 30 3900 1950 1950 3 45 5850 1950 1950 4 58 7540 1885 1690 567890TL 68 8840 1768 1300 77 10010 1668 1170 85 11050 1579 1040 92 11960 1495 910 98 12740 1416 780 10 101 13130 1313 390 103 13390 1217 260 12 102 13260 1105 -130 13 95 12350 950 -910 14 90 11700 836 -650 Price per ton 130 MC per trip 1030 Fishery, Part A: What is the average profit per boat when there are 10 boats in the fishery?
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Core Macroeconomics
Authors: Eric Chiang
3rd edition
978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435
